How much money has Barack Obama spent already?

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To date, President Obama has increased the national debt by spending about $3.6 trillion. Call 1-800-2ChaCha for unlimited Qs!

Answered - 113 days ago at 7:11pm on Feb 10 2012

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About Barack Obama

Barack Obama is the 44th President of the United States, and the first African American president of the United States. He was born in Hawaii, where he went to high school. He started his undergraduate studies in Los Angeles but soon transferred to Columbia University in New York City, where he graduated. He worked for awhile as a community organizer in Chicago, then entered Harvard Law where he was Editor of the Law Review. A stint as an Illinois State Senator, then a U.S. Senator from Illinois, was followed by his nomination and election as President in 2008.

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About National Debt

The US National Debt is the measure of obligation the federal United States government owes. As of December 31, 2010, the total debt outstanding was $14.03 trillion dollars. The debt has increased over $500 billion ever year since 2003, with excess of $1 trillion since 2008.

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About Debt

Debt is an obligation to pay someone back, either in money or other goods. Before the recession of 2008 and the financial meltdown, many people and corporations took on so much debt that their houses were foreclosed and their companies failed or had to be sustained by the government until they got back on their feet. (An example is General Motors.)

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